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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›CARG›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

CarGurus, Inc. (CARG) financials

Income statement

CarGurus, Inc. (CARG) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$198M$317M$454M$589M$551M$951M$1.66B$698M$798M$907M
Revenue growth—59.9%43.3%29.7%-6.4%72.5%74.0%-57.8%14.3%13.7%
Gross profit$189M$299M$429M$553M$509M$657M$658M$637M$728M$842M
Gross margin95.2%94.4%94.5%93.8%92.3%69.1%39.7%91.2%91.2%92.8%
Operating income$8.57M$15.3M$23.2M$34.3M$97.8M$148M$108M$120M$157M$244M
Operating margin4.3%4.8%5.1%5.8%17.7%15.6%6.6%17.2%19.7%27.0%
Net income$6.50M$13.2M$65.2M$42.1M$77.6M$109M$84.4M$36.9M$21.0M$156M
Net margin3.3%4.2%14.4%7.2%14.1%11.5%5.1%5.3%2.6%17.2%
EPS (diluted)-$0.58$0.12$0.57$0.37$0.68$0.00$0.62$0.19$0.20$1.55

Cash flow

CarGurus, Inc. (CARG) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$20.0M$25.7M$51.7M$70.1M$157M$98.3M$256M$125M$255M$295M
Capital expenditures$5.85M$5.16M$5.96M$11.2M$2.95M$7.71M$5.92M$24.6M$75.2M$6.38M
Free cash flow$14.2M$20.5M$45.8M$58.9M$154M$90.6M$250M$100.0M$180M$289M
Share buybacks——————$14.4M$209M$146M$352M

Balance sheet

CarGurus, Inc. (CARG) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$29.5M$87.7M$34.9M$59.9M$190M$232M$470M$291M$304M$191M
Total assets$100M$177M$268M$394M$502M$932M$927M$919M$825M$662M
Total liabilities$35.6M$49.6M$74.2M$137M$129M$252M$156M$302M$283M$288M
Long-term debt—————$0.00$0.00$0.00$0.00$0.00
Shareholders' equity-$68.0M$127M$194M$257M$374M$517M$735M$617M$542M$374M
Retained earnings-$71.7M-$58.5M$9.71M$51.9M$129M$129M$323M$354M$375M$362M
Shares (wtd avg diluted)44.1M60.6M113M113M114M117M128M114M106M100M

Every figure is extracted from CarGurus, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is CarGurus, Inc.'s annual revenue?
CarGurus, Inc. (CARG) reported $907M of revenue for fiscal year 2025 — up 13.7% from $798M in FY2024, per its annual report filed with the SEC.
Is CarGurus, Inc. profitable?
Yes — CARG earned $156M of net income in FY2025, a 17.2% net margin, per SEC filings.
What is CarGurus, Inc.'s free cash flow?
$289M in FY2025 (operating cash flow $295M minus $6.38M of capital expenditures), from the SEC cash-flow statement.
Does CARG pay a dividend?
CarGurus, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CARG analysis — verdict, score & filings →Is CARG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.